AVANYSEElectric & Other Services CombinedFiscal year ends December 31
AVISTA CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$36.12−0.55 (-1.50%)
Close on Oct 19, 2026
- Market cap
- $3.00B
- P/E (TTM)
- 13.0
- Dividend yield
- 5.43%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
18.0%+0.4 pts over 5 years
Net margin
9.8%+0.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.3% | +4.7% | +8.2% | +2.8% | |
| Operating income | +15.7% | +23.1% | +8.8% | +3.4% | |
| Net income | +7.2% | +7.6% | +8.3% | +4.6% | |
| EPS, diluted | +3.9% | +3.9% | +4.6% | +1.9% | |
| Dividend per share | +3.2% | +3.7% | +3.9% | +4.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.6% | 6.5% | 7.3% | |
| Return on assets | 2.7% | 2.1% | 2.4% | |
| Current ratio | 0.86 | 0.68 | 0.83 | |
| Debt to equity | 1.09 | 1.09 | – | |
| Net debt to EBITDA | 3.86× | 4.81× | – | |
| Interest coverage | 3.5× | – | – | |
| Capex to revenue | 28.2% | 30.6% | 29.0% | |
| Diluted shares | 64M | 68M | 81M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Avista generated $1.84B from operations and spent $3.19B on capital expenditure, dividends and share buybacks. 78% of that went back into the business.
Generated
$1.84B
Used
$3.19B
Capital expenditure$2.49B78%Dividends$697.21M22%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.8%
×Asset turnover0.24×
×Equity multiplier3.08×
=Return on equity, FY20257.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.8% | 0.24× | 3.08× | 7.3% |
| FY2024 | 9.3% | 0.25× | 3.08× | 7.1% |
| FY2023 | 9.8% | 0.23× | 3.14× | 7.1% |
| FY2022 | 9.1% | 0.24× | 3.18× | 6.9% |
| FY2021 | 10.2% | 0.22× | 3.17× | 7.0% |
| FY2020 | 9.8% | 0.21× | 3.15× | 6.5% |
| FY2019 | 14.6% | 0.23× | 3.20× | 10.6% |
| FY2018 | 9.8% | 0.25× | 3.22× | 7.8% |
| FY2017 | 8.0% | 0.27× | 3.20× | 6.9% |
| FY2016 | 9.5% | 0.28× | 3.22× | 8.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$193.00M
- Cash generatingOperating cash flow above zero$469.00M
- Return on assets improvedROA up on the prior year2.3% → 2.4%
- Earnings backed by cashOperating cash flow above net income$469.00M vs $193.00M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.85 → 0.83
- No dilutionShare count did not rise79M → 81M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.25 → 0.25